Apr 23, 2013 6:00am EDT
one where there has been a lot of uncertainty. part of that by our election and the changing government in china. and part of it uncertainty by what's going on in europe. as these things settle out. as china gets more secure in its path forward based on government change, as we continue to make progress in this country towards our issues, i think you will see that confidence build. industrial production only 1% in the first quarter. it's predicted to be 2.5% of the year. auto builds down 1% in the u.s. i'm sorry. down 1% in the world in the first quarter. supposed to be up 2% for the year. so i think there's a belief that 2013 is going to strengthen with each quarter as we go through it. >> ellen, thank you very much for joining us today. >> great. it's a pleasure. thank you, becky. >>> when we come back, apple trying to turn things around after a tough winter. up next, we will get a preview from analyst paul meeks. revolutionizing an industry can be a tough act to follow, but at xerox we've embraced a new role. working behind the scenes to provide companies with services...
Apr 22, 2013 6:00am EDT
country's 87-year-old president has reluctantly been elected to a second term, but markets are xwrpting this for the positive. it means for the meantime monte will be continuing with the reforms. the quote of the morning was coming from the head of the italian bill group who said italy is not belgium, referring to bull gem's long period without a government. nevertheless, italy doing well this morning and interestingly enough, entertain is, as well. these are higher than internal and sterns targets and market completely shrugging it off. spanish debt even rallying. we're now that 4.5% market for italy. we've seen significant rallies continue here. the sense of liquidity, perhaps, boosting equities across the continent. equities said to be quite cheap relative to markets. if you wanted a fly in the ointment today, it would probably be what's happening over here with copper. down 0.4%. there's been a lot of discussion about whether this is a bellwether, whether this is a story about china flowing while the rest powers ahead. but you can see the fact that it's down now, 0.5% remains below
Apr 18, 2013 6:00am EDT
this. b but, you know, before the last election, wall street ceos go to washington and have a meeting with the president. they come back and they would whisper, he doesn't get us, he doesn't like us, this is miserable, this is awful. has anything changed meaningfully in terms of the relationship and the way you think the president and wall street are approaching each other? >> i'll speak for our side. i can't speak for the president of the united states. but i would say this last meeting we had with the president a few days ago was constructive. the members of the financial service this morning made it very clear that we want to play a role in 3406g the economy forward and having a set of conditions in our capital market that would add to lending. and putting people back to work. >> how about in the way he's approaching it, meaning people would come back and say, andrew, it's lip service is. very happy to walk into the white house, but great, a big nothing. >> i would say there has been a lot more outreach on the part of this administration towards the business community in general an